Sonoco Products Company (SON)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 624,237 | 619,720 | 608,673 | 629,555 | 584,946 | 575,215 | 529,866 | -98,626 | -152,906 | -250,124 | -281,028 | 249,634 | 260,493 | 329,397 | 364,759 | 395,968 | 385,054 | 404,811 | 377,389 | 387,444 |
| Revenue (ttm) | US$ in thousands | 6,825,810 | 6,976,700 | 7,162,630 | 7,381,000 | 7,401,430 | 7,143,520 | 6,683,310 | 6,138,990 | 5,719,930 | 5,619,660 | 5,509,310 | 5,390,170 | 5,348,310 | 5,297,960 | 5,341,660 | 5,458,660 | 5,502,880 | 5,562,970 | 5,575,100 | 5,598,550 |
| Pretax margin | 9.15% | 8.88% | 8.50% | 8.53% | 7.90% | 8.05% | 7.93% | -1.61% | -2.67% | -4.45% | -5.10% | 4.63% | 4.87% | 6.22% | 6.83% | 7.25% | 7.00% | 7.28% | 6.77% | 6.92% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $624,237K ÷ $6,825,810K
= 9.15%
Sonoco Products Co.'s pretax margin has shown a generally positive trend over the past eight quarters. The pretax margin ranged from -1.59% in Q1 2022 to 9.22% in Q4 2023, indicating variability in profitability during this period. However, in the recent quarters, the company has achieved consistently positive pretax margins above 8%, reflecting improved operational efficiency and profitability. The increase in pretax margin from 8.08% in Q4 2022 to 9.22% in Q4 2023 suggests a positive momentum in the company's ability to generate earnings before taxes relative to its revenue. This trend indicates potential strengths in cost management, revenue growth, and overall financial performance.
Peer comparison
Dec 31, 2023